Bitcoin’s price has significantly declined, dropping below the $90,000 mark due to growing concerns about artificial intelligence (AI) in global markets. This sentiment has negatively affected major technology stocks, particularly those listed on the Nasdaq index, which in turn has impacted the cryptocurrency market. Shares of American chipmaker Broadcom fell sharply by 10%, adding pressure to the market. Additionally, Chicago Fed Governor Goolsbee indicated that expectations for interest rate cuts in 2026 might be higher than previously estimated, creating uncertainty among investors. Bitcoin, the world’s most renowned and oldest cryptocurrency launched in May 2009, often reflects the sentiments of global financial markets, especially during periods of economic uncertainty. The performance of the technology sector directly influences cryptocurrencies, as a large number of investors are involved in this sector. Given the current conditions, investors are advised to exercise caution and closely monitor market trends. Despite the increasing importance of AI, associated risks and market reactions may influence investment decisions. Furthermore, global economic policies and potential changes in interest rates could also contribute to volatility in cryptocurrency prices.
Source: coindesk
